Locomotive leasing provider, Railpool, extended its financing and secured EUR 800 million additional funds which will support the acquisition of 30 locomotives. The bank financing was supplemented by European private placements with various institutional investors as new financing partners.
“With the support of the banks, institutional investors and law firms, we have successfully positioned Railpool for the future and set the course for further business development. The contract for another 10 Siemens Vectron locomotives and the contract for 20 Traxx electric locomotives concluded with Bombardier in December underscore the willingness to actively support the developing rail transport market with attractive traction services for railway companies in Europe,” Torsten Lehnert, CEO at Railpool, said.
In the implementation of the financing, Railpool was supported by Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as advisor and KfW IPEX-Bank as agent. The private placement was implemented by Crédit Agricole CIB with Generali Global Infrastructure, Schroders and three other institutional investors.
Railpool operates in 14 European countries and has a fleet of over 400 locomotives that involved a EUR 1 billion investment.